MITCHAM 5062
State: SAPosiProp AI Investment Summary
MITCHAM (SA 5062) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.7% and has experienced a 12-month capital growth of Down -1.6%, with a median house buy price of $1,565,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,175,000
$1,490,000
$1,725,000
$1,565,000
Suburb Market Profile
Last month Mitcham had 5 properties available for rent and 3 properties for sale. Median property prices over the last year range from $1,565,000 for houses to $708,000 for units. If you are looking for an investment property, consider houses in Mitcham rent out for $815 PW with an annual rental yield of 2.7% and units rent for $540 PW with a rental yield of 3.8%. Mitcham has seen an annual compound growth rate of -1.6% for houses and 5.6% for units.